Banks move to central clearing across asset classes

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Much of the over-the-counter derivatives market will shift towards central clearing houses by next year, as the collapse of Lehman Brothers on September 15 forces banks to reassess counterparty risk posed by other dealers.

Moves are already well under way to launch a central counterparty for credit default swaps (CDSs), with four groups - Eurex, NYSE Euronext, the CME Group in conjunction with Chicago-based Citadel Investment Group, and the Clearing Corporation in partnership with the

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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